After India’s TikTok ban, Meta and Google are battling for the lead in the country’s short-video app economy that could generate up to $19B in sales by 2030 (Bloomberg)

Washington Post:
Analysis: high-profile Republican members of Congress saw an uptick in Twitter followers in the first few weeks of Musk’s reign, while Democrats lost followers  —  Shift in follower counts for Elizabeth Warren, Ted Cruz show how the platform is beginning to change under Musk

Debby Wu / Bloomberg:
TSMC reports Q3 revenue rose 48% YoY to ~$19.4B, beating ~$19B estimates, as Micron, Kioxia, Samsung, and others report faltering sales and weakening demand  —  Taiwan Semiconductor Manufacturing Co. reported higher-than-expected quarterly revenue, signaling the chip giant is benefiting …

Deeksha Bhardwaj / Hindustan Times:
India proposes a legal framework to regulate over-the-top communications services, including encrypted apps like WhatsApp and Signal, and intercept messages  —  The bill, if implemented in its current form, will have reaching ramification for the industry that is based on the premise of privacy and security of encrypted messages

Casey Newton / Platformer:
Sources: Twitter has begun reinstating ~62K accounts with more than 10K followers after Musk’s poll on general amnesty; one of those accounts has 5M+ followers  —  They’re skeptical of their workers, too.  PLUS: New details on Musk’s ‘general amnesty’ for banned Twitter users  —  and Zoë Schiffer

Emily Baker-White / Forbes:
Internal meetings: TikTok employed a two-tiered moderation system with “more lenient” treatment for influencers, celebrities, and other VIPs with 5M+ followers  —  Content from accounts with more than 5 million followers has been routed through a designated, “more lenient” …

Megha Paul / Tech.eu:
Berlin-based Latana, which offers brand tracking and consumer insights tools, raised a €36M Series B led by Oxx, with participation from Balderton and Kreos  —  The German startup offers direct channel to consumers that helps brands understand exactly what their key audiences are thinking